Member Info for speedymeadie

Hi All. When the bars arrive we will all know the journey has been worth the wait. This journey has been an absolute eye opener, the level of corruption in markets is off the scale. I was always aware of the bent games in the PMs space but the levels that big money stoops to is eye watering.
When the bars arrive it means GGP has made it to the real start line of profit making and the profits will be massive. The date is up for debate but mid to late 2023 seems to be on the cards. ATB Speedy

Hi All. Too many variables and unknowns to get a accurate valuation. Safe to say in 12 mths time we will have a higher SP than what we have today. ATB Speedy

Hi Delboy. Good to hear it. I will watch the 2 vids later. ATB Speedy

Hi Tymers. My eyes must be playing me up. I am sure i just read two posts from you ramping GGP and the POG. Must get myself some new glasses. ATB Speedy

Hi Huncher. This is the way i see it. China has in excess of 30000 tons of gold its citizens old a further (approx) 20000 tons. It is in Chinas interest to see a much higher POG. Chinas business is business and i see no problem with them controlling the POG. Anything is better than the present set up with COMEX and LBMA, they do not call it the London PM fix for no reason. If Basel111 is not the end game for the price manipulation then Chinas massive physical market(SGE) will make the paper market nonsensical. ATB Speedy

Hi Zoros. I have already accumulated and am all in PMs and GGP. Plus a small punt a few others that i am to embarrassed to declare. ATB Speedy

Hi Huncher. I agree, the criminals who run the PMs space will try to circumnavigate Basel111. The FED had no say in the matter, the pressure on the BIS came from China/Russia (so some say). It is not only about the PMs space, Basel111 will send ripples all thru derivative trading making it unprofitable to "naked trade". Early in the new year we will see what, if anything, will happen. All manipulated markets revert back to true value, the PMs space is no different. ATB Speedy

Hi Zoros. The citizens of two of the most populated nations on earth India/China plus many others use gold as a store of wealth. I do not try to panic folks into buying physical gold and you are being a tad unfair saying so. I have stated on here many times that holding gold is better than saving £s $s and stand by that. Not many westerners hold gold, mainly because the mainstream medias bias, also brokers and financial advisers have no financial incentive to promote the investment case for gold. I try to counter that bias where ever i go. My main reason for pushing gold ownership at the moment is due to the manipulation coming to an end soon and leaving it too late to get physical gold will cost a considerable amount /oz more in the near future (IMO). ATB Speedy

Hi All. The action in our SP is good as far as i am concerned, usually a spike prior to news and a sell off after, this time it is different with no real action. Shorters, manipulators, bent MM spivs, who cares? Only those who need to sell, should not have invested funds in the first place. Hav is massive and will benefit all who hold for gold. Mentioning gold, i have to respond to Zoros post last night. Folks hold gold for a variety of reasons but there are many who hold none. When the many realize that holding funds in £ $ is costing them 10%/yr and carries a risk of bail in they will look at gold in a different light. I use gold as a store and with one pone call can have funds in my bank in minutes. I respect Zoros opinion but to say "the POG does not effect Joe public" is totally wrong. As a nation we are in dangerous waters with national debt off the scale and rising. All this debt was made possible by un pegging the £ to gold ($ to gold). The gov is the first user of that debt and when it filters down into the economy the existing £s are diluted (inflation) In the 1920 one of the most powerful countries in the world (Germany) was subjected to hyperinflation and this bought the country(Joe public) to its knees. Do not say it could not happen here. ATB Speedy

Hi Spoon. I will try to answer your question as best i can. Inflation is here and has been long before talk of supply issues. Gov/FED intervention has lead to a massive overvaluation in equities. If central banks raise interest rates this will cause a drop in equity markets and a rush into hard assets (gold amongst others) driving the POG higher. If interest rates are raised above inflation say 10% this will bankrupt a large part of the globe (debt is massive) and will cause a run into gold. If central banks keep interest rates low and inflation/hyperinflation is allowed to take off gold will be a go to asset. In summary all avenues, as i see it, lead to a higher POG. ATB Speedy

Hi Hydro. Inflation/hyperinflationis the biggest destroyer of wealth, apart from the casino. The best advice to give folks is to put some funds into physical gold. ATB Speedy

Hi Rkama. $1800/oz is being defended by the criminals that run the gold market. When that falls they will step it up to approx $1900 and so on and on. The only way gold will not hold above $1800/oz is if interest rate turn positive. Even then a collapse in the equities market will see a rush into real assets/commodities pushing up inflation. As i said every way you look at it points to a much higher POG. ATB Speedy

Hi Rkama. You say "unlikely to go above $2000 and lucky to remain above $1800" Can you please explain on these thoughts. Every single metric i use points to a much higher price. ATB Speedy

Hi Lenz. With interest rates at historic lows just borrow the £150k and get in that David Brown masterpiece. ATB Speedy

Hi lenz. You are not alone feeling "worn down". What is important is keeping your nerve. The PMs space has been artificially suppressed and that suppression is coming to an end. PMs and related stocks are about to have a decade that will go down in the history books. ATB Speedy

Hi Hydro. You beat me to it. Beetroot was on here some time ago stating he avoids disclosure. ATB Speedy

Hi Guytimb. Beware of rising interest rates. No problem if finance free but my main profits came from the leverage and very low interest payments. ATB Speedy

Hi Hydro. What was the reason for your absence? You do not have to answer if you do not want to. I am just interested to find out what was it you said that caused the grief. Did you get too close to the truth? ATB Speedy

Hi Doubleun. Thanks for the compliment but lucky is more like it. Never in my wildest dreams did i see monthly repayments going from £100k/mt down to £25k/mt with a steady increase in prices. If i was shrewd i would of held on longer and taken advantage of the last few years of increases in house prices. The only problem with the BTL market at the moment is the inability of good tenants to meet their obligations and trying to oust the bad ones. Investing in GGP is a walk in the park compared to the BTL market. ATB Speedy

HiMonty. The 1980 Hunt Bros spike caught many folks out and the inexperienced buyers were caught out. Looking at a long term chart still shows a significant increase from 1970 to today. Luckily for me the Gov eased up the residential housing rental market with the introduction of AST. Sold a good chunk of my gold and expanded my rental portfolio with highly leveraged loans. 10 years ago started to offload the houses and bought back into the PMs space. As with all investment decisions it is all about research, timing and a big chunk of good old luck. ATB Speedy